A New York company accused of taking illegal bets in Nevada seeks deadline extension
Monday 17 de March 2025 / 12:00
⏱ 2 min read
(Las Vegas).- A New York company facing a cease-and-desist demand from the Nevada Gaming Control Board for offering “event-based contracts” that resemble sports bets is seeking more time to address the matter.
The Control Board on Friday posted on X that outside counsel representing KalshiEX LLC, doing business as Kalshi and Kalshi.com, contacted the Control Board about a time extension from the Friday, 5 p.m. deadline the regulator sought in a March 4 letter to the company.
“The company’s counsel requested, and the NGCB did not object to, a limited period of additional time for Kalshi to address the NGCB’s order,” an X post just after 2 p.m., Friday said. “Further details will be provided when available.”
Kalshi, which says it is the first exchange regulated by the federal Commodity Futures Trading Commission, is dedicated to trading on the outcome of future events, usually with yes-or-no propositions. Its website addresses a number of topics, from inflation and interest rates to unemployment and whether the federal government will shut down.
Among the propositions posted on the Kalshi website Thursday were “Will Trump eliminate the Department of Education this year?” and “The number of tornadoes this month will be higher or lower than 150.”
The Nevada Attorney General’s Office also was alerted to the cease-and-desist order drafted by Control Board Chairman Kirk Hendrick.
The demand letter signed by Hendrick instructed the company to cease all unlawful activity within Nevada by 5 p.m., Friday. Additionally, the letter explained that past unlawful action remains subject to criminal and civil penalties, and any future unlawful activity would be deemed willful violations.
Hendrick cited potential violations of Nevada Revised Statutes as well as Regulations 22 and 26B in the letter, saying the contracts offered by Kalshi resembled a sports wager and the company is not licensed in Nevada to operate a sports pool.
Categoría:Sportsbook
Tags: Sin tags
País: United States
Región: North America
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
Martin Ivanov: "Latin America remains one of CT Interactive's key strategic regions"
(Lima, SoloAzar Exclusive).- CT Interactive Chief Operating Officer Martin Ivanov reflects on the company's experience at the Peru Gaming Show, highlights the opportunities emerging in the Peruvian market, and outlines the company's strategic priorities for expanding across Latin America.
Thursday 16 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
